The Real Estate Market is Awful

Just awful.., I for one am simply tired of hearing it. As a professional Fort Lauderdale Realtor I have become more accustomed to dealing in facts. Facts such as days on market, months of inventory, trends in sales price. These are the numbers I have learned neighborhood by neighborhood to help me understand the goings on in the Fort Lauderdale Real Estate market.

"The Real Estate Market is Just Awful", is the type of report we all hear daily in the news media, and rarely do we stand up and say, Not Where I Sit ! Lets force the world back to a real estate conversation we all know, by asking a simply question over and over again.

What neighborhood are you talking about ?

The second question may certainly be, Why are we discussing this are you looking to buy or looking to sell ? ( Thank you Gary Keller )

But first steps first, I am urging you to help do your part to put an end to the National Weather Report and talk about you local real estate market, blog about it, promote it talk about the areas that are starting to show signs of life.

This morning I posted the market statistic for a city called Wilton Manors, want to escape from the "The Real Estate Market is Awful" here is your personal escape route take a moment and look at these numbers from the City of Wilton Manors, and hope that this market is coming to a neighborhood near you.

While visitng please take a moment and click the (+1) button, vote for good real estate news. Curious about how to place the plus button your your site email me and I will be glad to foward the code. Visit us at www.FortLauderdaleGroup.com, oh yes I have a Google Plus button there as well.

Eric I have to agree with you. Homes in Lee County FL (one of the more "depressed" areas) are selling quickly and for 101% of asking price in general. Homes are moving. The market is tough for traditional sellers, who purchased their homes at the peak of prices, but it is by no means dead.

Great post Eric...the Texas real estate market is doing well and a large part of that is due to the positive spin myself and my fellow Realtors put on it - and, negating what the national news keeps trumping up.

Quote of the day: Why are we discussing this - are you looking to buy or looking to sell? Real Estate is a market and there are opportunites in any market. It can be tough to sell where prices have fallen 20% for a homeowner who purchased four or so years ago using 100% financing.

Thank you all for your comments, I am glad to hear you are seeing and feeling it as well, lets make sure the sound bites are about the markets we work in and call home. Daniel, I used to live in Charlotte and yes selling a home in a market down 20% can be tough, having been a top realtor in Fort Lauderdale for over ten years I see a 50% decline as tough, 20% starts to feel like a piece of cake, its all a matter of perspective. Keep working hard pay attention to the basics and you won't even notice the first uptick, you will be too busy I promise.

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